Open Cloud Technologies Spark Innovation

Cloud computing and open cloud[1] technologies are fueling innovation in companies of all sizes by saving them money, increasing their profits and enabling them to reinvest in key segments of their businesses.

We recently polled 1,300 companies in the U.S. and the UK and found that the cloud has reduced the total IT costs for a whopping 88 percent of cloud users, while 56 percent say that using cloud has helped them increase profits – money that’s being pumped back into businesses and driving innovation.

Our research revealed that among the companies saving money in the cloud, 62 percent say they can invest that savings back into their businesses to boost headcount and wages and drive innovation. Additionally, 49 percent of organizations said cloud computing has empowered them to grow their businesses; and 60 percent say that the cloud reduced the need for their IT team to maintain infrastructure – or focus on “keeping the lights on” – and allowed them to spend more time focusing on the business, strategy and innovation.

While that is great news, it’s even better to see that the U.S. is leading the way in the deployment of the open cloud, with 70 percent of U.S. respondents noting that they’re using open cloud technologies. Additionally, 74 percent of U.S. organizations see their use of open clouds increasing and 86 percent said open standards improve their ability to innovate.

These survey results confirm the importance of the open cloud and how it is helping companies of all sizes not only save money, but innovate and grow their businesses for the future.

Dive deeper into the survey results and learn more about the open cloud here: http://www.rackspace.co.uk/economic-impact-cloud-computing/[2]